Canadian Heavy Oil Prices Pressured by Sarnia Incident
Reuters reported that unscheduled maintenance on a processing unit at Imperial Oil Ltd.'s (TSX:IMO) Sarnia, Ontario refinery is pressuring Canadian heavy oil prices.
Articles Tagged "sarnia"
Imperial Oil resumes Sarnia refinery unit
Imperial Oil Ltd has restarted a heavy-oil processing unit at its Sarnia, Ontario, refinery that was closed due to a fire last week. For full story, click here
Shell Canada cancels Alberta Refinery project
Shell Canada gave up on its plan to construct a $15b heavy oil refinery in Sarnia, Ontario. For full story, click here
Upgrader: July 30
SOME CHEER ON THE OIL FRONT By Duncan Sutherland – Exclusive to Heavy Oil Investing News A good quarter for heavy oil companies Heavy oil and oil sands companies, by and large, posted positive results in the just-ended quarter. This was to be expected, what with oil prices hitting an all-time high. It is worth noting, however, that energy costs took a [...]
Shell cancelled plans to construct refinery at Sarnia
Shell has cancelled plans to construct a new refinery at Sarnia due to rising constructions costs and weak market conditions. Amrik Ahluwalia, Shell’s general manager of manufacturing expansion, was quoted as saying: This decision is a very difficult one for Shell and it is only taken after careful consideration. For more information on this news, [...]
